Fed’s minutes show no appetite for a series of interest-rate hikes
September’s rate hike was viewed by many officials as needed just in case inflation remains sticky.
September’s rate hike was viewed by many officials as needed just in case inflation remains sticky.
The difficulties of converting old office towers into residential housing came into stark view in July when two structural columns buckled on the 21st floor of a building in Midtown Manhattan. The former Pfizer headquarters was in the process of being converted into about 1,600 apartments at the time, making it one of New York…
The borrower defaulted. On August 22, 2024, CEFL sent default notices and demanded $672,417.20 under the loan’s acceleration clause – the balance of principal plus all unaccrued future interest. Then things got messy. CEFL tried to seize the bus and could not find it. When asked at his home, one of the directors told the…
A pool of 2,085 first-lien home loans will back about $1.5 billion in mortgage-backed notes from sponsor VMC Asset Pooler, to be issued to investors through the issuer Verus Securitization Trust, series 2026-7. Processing Content Fixed-and adjustable-rate mortgages, which ranged in quality from expanded prime to non-prime, are in the collateral pool, according to Morningstar…
NAI Capital Commercial executive managing director Ryan Campbell, SIOR, represented The Olson Company in its $24,850,000 acquisition of a 7.9-acre office campus at 601 Potrero Grande Dr. and 2100 Saturn St. in Monterey Park. The campus includes two office buildings totaling 120,191 square feet. The buyer plans to redevelop the property into a new residential community. Originally…
With consumer sentiment softening across the country after the budget, investors have been reevaluating their portfolio management strategies, with some opting to shift their debt for future tax benefits. Fouracre Financial CEO Jack Fouracre said that in the wake of the property taxation changes, he had seen a drastic increase in inquiries from clients wanting…
The Trumps are being pulled back into the world of real estate. 1789 Capital, an investment firm that counts Donald Trump Jr. as a partner, recently closed a $1.2 billion real estate fund, Axios reported. The fund represents a departure for Omeed Malik’s firm, which has invested in technology, defense and manufacturing as core areas…